v3.20.2
Balance Sheets - USD ($)
Sep. 30, 2020
Jun. 30, 2020
CURRENT ASSETS    
Cash $ 619,000 $ 666,756
Accounts receivable 323,253 292,642
Current inventory - net 489,070 493,892
Prepaid and other current assets 119,534 86,467
Total Current Assets 1,550,857 1,539,757
RIGHT TO USE LEASE ASSETS, OPERATING, NET 652,495 692,007
PROPERTY AND EQUIPMENT    
Molds and models 583,611 583,611
Equipment 2,927,269 3,037,474
Furniture and fixtures 73,423 73,423
Software 247,610 247,610
Less – accumulated depreciation (3,715,407) (3,816,004)
Property and Equipment - net 116,506 126,114
OTHER ASSETS    
Patents and trademarks – net 88,479 92,905
Non-current inventory 318,745 300,778
Deposits 11,000 11,000
Total Other Assets 418,224 404,683
TOTAL ASSETS 2,738,082 2,762,561
CURRENT LIABILITIES    
Accounts payable and accrued expenses 632,615 691,962
Current portion of long-term debt 92,844 59,440
Current portion of lease liability 146,250 145,800
Deferred revenue 17,667 12,192
Total Current Liabilities 889,376 909,394
Long-term debt 120,329 153,996
Long-term lease liability 411,300 448,200
TOTAL LIABILITIES 1,421,005 1,511,590
STOCKHOLDERS’ EQUITY    
Common stock: 100,000,000 shares authorized of $0.001 par value, 70,172,868 and 70,172,868 shares issued and outstanding, respectively 70,173 70,173
Additional paid-in capital 62,719,473 62,719,473
Stock payable 12,323 0
Accumulated deficit (61,484,892) (61,538,675)
Total Stockholders’ Equity 1,317,077 1,250,971
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 2,738,082 $ 2,762,561